logo
Twitter
Discord
Email
logo
Tidewater Inc.

Tidewater Inc.

NYSE•TDW
CEO: Mr. Quintin V. Kneen CPA
Sector: Energy
Industry: Oil & Gas Equipment & Services
Listing Date: 1980-03-17
Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying. The company operates anchor handling towing supply vessels, platform supply vessels, crew boats, utility vessels, and offshore tugs. The company serves integrated and independent oil and gas exploration, field development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations, and other related companies; offshore drilling contractors; and other companies, such as offshore construction, windfarm development, diving, and well stimulation companies. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.
Contact Information
842 West Sam Houston Parkway North, Suite 400, Houston, TX, 77024, United States
713-470-5300
www.tdw.com
Market Cap
$2.99B
P/E (TTM)
19.7
21.5
Dividend Yield
--
52W High
$64.07
52W Low
$31.17
52W Range
89%
Rank56Top 81.7%
2.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$341.11M+0.22%
4-Quarter Trend

EPS

-$0.02-102.27%
4-Quarter Trend

FCF

$49.62M+14.27%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Revenue Growth Total revenue reached $1.016B USD for nine months, showing 2% growth driven by higher average day rates.
Strong Operating Cash Flow Operating cash flow totaled $226.1M USD for nine months, a $43.7M USD increase from the prior year period.
Major Debt Refinancing Completed Issued $650.0M USD 9.125% Senior Notes due 2030, redeeming most prior outstanding debt obligations in July 2025.
Vessel Sales Gain Recognized Recognized $8.6M USD net gain from selling ten vessels during the first nine months ended September 30, 2025.

Risk Factors

Quarterly Net Loss Reported Reported net loss attributable to Tidewater Inc. of ($806K) USD for Q3 2025, representing a 101% decline.
Sequential Day Rate Decline Average vessel day rates fell 1.6% sequentially to $22.8K USD in Q3 2025 due to lower demand in key regions.
Venezuelan Judgment Uncertainty Collection of $78.6M USD Venezuelan judgment remains highly uncertain; no gain contingency recorded as of September 30.
Foreign Currency Exposure Risk Exposed to currency fluctuations, especially in African countries, leading to realized and unrealized foreign exchange losses.

Outlook

Robust Liquidity Position Cash position $431.1M USD coupled with $250.0M USD borrowing capacity supports obligations and future requirements.
New Share Repurchase Program Board approved new $500.0M USD repurchase program in August 2025; $90.0M USD in shares retired year-to-date.
Fleet Modernization Financing Secured financing for ten new vessels delivered by September 30, 2025, supporting global offshore energy industry needs.

Peer Comparison

Revenue (TTM)

Civitas Resources, Inc.CIVI
$4.71B
-6.6%
Liberty Energy Inc.LBRT
$3.91B
-12.0%
SM Energy CompanySM
$3.28B
+34.0%

Gross Margin (Latest Quarter)

Civitas Resources, Inc.CIVI
70.9%
+32.1pp
International Seaways, Inc.INSW
60.9%
-1.4pp
Scorpio Tankers Inc.STNG
46.5%
-2.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WHD$3.68B21.215.3%2.1%
LBRT$3.38B18.19.2%17.9%
STNG$3.03B9.69.6%21.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.4%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 26, 2026
|
EPS:$0.65
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $341.11M+0.2%
    |
    EPS: $-0.02-102.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 4, 2025|
    Revenue: $341.43M+0.6%
    |
    EPS: $1.47+53.1%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 5, 2025|
    Revenue: $333.44M+3.8%
    |
    EPS: $0.83-7.8%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $1.35B+33.3%
    |
    EPS: $3.44+83.0%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $340.36M+13.7%
    |
    EPS: $0.88+76.0%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: $339.23M+57.8%
    |
    EPS: $0.96+118.2%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $321.16M+66.3%
    |
    EPS: $0.90+328.6%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $1.01B+55.9%
    |
    EPS: $1.88+483.7%
    Beat